Do salaried employees get paid extra on leap years?

[her209]

Consider the following:

365 days / 7 days / week = 52 weeks + 1 day

Jan 1 is: Then Dec 31 is:
Sun Sun
Mon Mon
Tue Tue
Wed Wed
Thu Thu
Fri Fri
Sat Sat

In other words, there are 53 days of one day of the week where are there are only 52 of the other days of the week. Now remember that Jan 1 is a holiday that typically isn't worked, but you are still getting "paid" for it. This is also true of the other holidays of the year.

Now, in a leap year there is an extra day. What this means is that, if the year started out on a Sunday, Dec 31 falls on a Monday. In other words, you'll be working an extra day. Same goes for the years starting out on a Monday, Tuesday, Wednesday, and Thursday.

In other words, if you're salaried, do you get compensated extra somehow for that extra day during leap years?

 

[brianmanahan]

no

 

[jlee]

Consider the following:

365 days / 7 days / week = 52 weeks + 1 day

Jan 1 is: Then Dec 31 is:
Sun Sun
Mon Mon
Tue Tue
Wed Wed
Thu Thu
Fri Fri
Sat Sat

In other words, there are 53 days of one day of the week where are there are only 52 of the other days of the week. Now remember that Jan 1 is a holiday that typically isn't worked, but you are still getting "paid" for it. This is also true of the other holidays of the year.

Now, in a leap year there is an extra day. What this means is that, if the year started out on a Sunday, Dec 31 falls on a Monday. In other words, you'll be working an extra day. Same goes for the years starting out on a Monday, Tuesday, Wednesday, and Thursday.

In other words, if you're salaried, do you get compensated extra somehow for that extra day during leap years?

Do salaried employees get paid extra (ever)?

No.

 

[her209]

Do salaried employees get paid extra (ever)?

No.

But do you see my point?

 

[MustISO]

They compensate us by making us work the extra day.

 

[Carson Dyle]

But do you see my point?

Seriously? You were trying to make a point?

The vast majority of salaried employees are paid either monthly or bi-monthly. So in February, whether it has 28 or 29 days, you're actually making a better wage than in any other month of the year.

 

[her209]

Seriously? You were trying to make a point?

The vast majority of salaried employees are paid either monthly or bi-monthly. So in February, whether it has 28 or 29 days, you're actually making a better wage than in any other month of the year.

That's inconsequential though as all years have at least 28 days in Feb.

 

[TerryMathews]

If you're SNE you do. If you're exempt, well guess what?

 

[Fanatical Meat]

I never did at ATT

 

[rcpratt]

Seriously? You were trying to make a point?

The vast majority of salaried employees are paid either monthly or bi-monthly. So in February, whether it has 28 or 29 days, you're actually making a better wage than in any other month of the year.

A decent chunk are paid biweekly. Disagree with your use of "vast."

But no, this is a stupid thread and point.

 

[Carson Dyle]

A decent chunk are paid biweekly. Disagree with your use of "vast."

And some, weekly. I'd say that pretty much covers those who aren't paid either once or twice per month. FWIW.

 

[Matthiasa]

I am paid once a month but the wage is definitely done on a daily basis. (based on how unpaid time works)

 

[Fern]

-snip-

In other words, there are 53 days of one day of the week where are there are only 52 of the other days of the week. Now remember that Jan 1 is a holiday that typically isn't worked, but you are still getting "paid" for it. This is also true of the other holidays of the year.

Now, in a leap year there is an extra day. What this means is that, if the year started out on a Sunday, Dec 31 falls on a Monday. In other words, you'll be working an extra day. Same goes for the years starting out on a Monday, Tuesday, Wednesday, and Thursday.

In other words, if you're salaried, do you get compensated extra somehow for that extra day during leap years?

You might want to check your employment contract if you're a salaried employee.

I worked for a multinational CPA firm. They're tricky S.O.B.s. My friend who was hired at the same as I read the agreement and found out we were getting screwed by 1 day's pay each year that wasn't a leap year.

E.g., if your salary is $30k you'll find out that it is based on a leap year, meaning in non-leap years your salary will be less than $30K.

So, in a manner we were compensated for the extra day of work in a leap year. (That, IMO, is putting some real optimistic spin on it.)

Fern

 

[her209]

A decent chunk are paid biweekly. Disagree with your use of "vast."

But no, this is a stupid thread and point.

How is it a stupid thread? You're willing to work for your employer for free?

 

[Carson Dyle]

OP:

Have you never been salaried?

Or are you just starting your first salaried job?

Asking about leap year days is kind of a joke. How about salaried employees who normally work 40 hours, but are often expected to work 50, 60, 70 or more hours a week without being compensated for it?

 

[Red Squirrel]

I never understood how salaried is even legal. Technically they can make you work 160 hours per week (get an hour sleep or so per day) and you still get paid for 40. Or heck, they can offer the job as part time so they only need to pay you for like 10 hours a week.

That is the reason I prefer being in a union. There are cut dry rules about how we are paid and it's typically fair for everyone.

 

[Engineer]

Actually, one of the accountants where I used to work said that it was built in that there was an extra paycheck every so many years because of this. I have not verified.

 

[Svnla]

No. I am salaried for years and I get pay 24 times per year. Period.

 

[purbeast0]

ummm ... a salary is a yearly figure based on working 40 hours a week. that doesn't change whether the year has 365 or 366 days in it. there is still 5 work days in a week regardless. i can't believe this is a serious thread.

 

[Fayd]

Consider the following:

365 days / 7 days / week = 52 weeks + 1 day

Jan 1 is: Then Dec 31 is:
Sun Sun
Mon Mon
Tue Tue
Wed Wed
Thu Thu
Fri Fri
Sat Sat

In other words, there are 53 days of one day of the week where are there are only 52 of the other days of the week. Now remember that Jan 1 is a holiday that typically isn't worked, but you are still getting "paid" for it. This is also true of the other holidays of the year.

Now, in a leap year there is an extra day. What this means is that, if the year started out on a Sunday, Dec 31 falls on a Monday. In other words, you'll be working an extra day. Same goes for the years starting out on a Monday, Tuesday, Wednesday, and Thursday.

In other words, if you're salaried, do you get compensated extra somehow for that extra day during leap years?

i get paid every 2 weeks.

and I want to know how you truly believe 365 divides evenly by 7.

 

[railer]

ummm ... a salary is a yearly figure based on working 40 hours a week. that doesn't change whether the year has 365 or 366 days in it. there is still 5 work days in a week regardless. i can't believe this is a serious thread.

^ yeah. January 1st is a Thursday in 2015. It's pretty unlikely that your work week will not be starting or ending on that day.

 

[KentState]

I never understood how salaried is even legal. Technically they can make you work 160 hours per week (get an hour sleep or so per day) and you still get paid for 40. Or heck, they can offer the job as part time so they only need to pay you for like 10 hours a week.

That is the reason I prefer being in a union. There are cut dry rules about how we are paid and it's typically fair for everyone.

What employer can make someone work 160 hours? You are either under contract which would protect you, or you can quit if you don't agree to their demands. Unions are for people that want to work 30 hours and get paid like they are working 160.

 

[Engineer]

ummm ... a salary is a yearly figure based on working 40 hours a week. that doesn't change whether the year has 365 or 366 days in it. there is still 5 work days in a week regardless. i can't believe this is a serious thread.

Yes, it's serious and as I said, the company accountants mentioned it.

I was told that there is indeed an extra check every so many years (I don't recall the number). The company had it in the plan.

Edit: I'm not sure that they get paid anything on leap year specifically though...just an extra check every so many years because of the extra day(s) involved when dividing by 7 or 14 (typically).

 

[her209]

OP:

Have you never been salaried?

Or are you just starting your first salaried job?

Asking about leap year days is kind of a joke. How about salaried employees who normally work 40 hours, but are often expected to work 50, 60, 70 or more hours a week without being compensated for it?

Not salaried by law.
http://www.dir.ca.gov/dlse/faq_overtimeexemptions.htm

If a salaried employee is expected to work 40+ hours per week, then the expectation is that the salary would be higher as well so they are actually compensated for it even if not on paper.

 

[her209]

No. I am salaried for years and I get pay 24 times per year. Period.

How is the amount for the 24 pay days calculated?
What days are you paid?